Kensington Mortgages cuts BTL rates by up to 0.15%
By Google News Personal Finance ·
The changes apply to 75% loan-to-value (LTV) products.
Kensington Mortgages has made rate reductions of up to 0.15% across selected buy-to-let (BTL) products, including its Prime, Prime eKo and Core ranges.
The changes apply to 75% loan-to-value (LTV) products.
For Kensington’s Prime range, 75% LTV 2-year fixed rates now start from 3.69% with a 5% fee, while 5-year fixed rates start from 4.99% with a 5% fee.
On their Prime eKo range, for properties rated A to C for energy efficiency, rates start from 4.39% for 2-year fixed, and 5.07% for a 5-year fixed, both with 3% fee.
In addition, rates across Kensington’s Core range have been reduced, with 75% LTV 2-year fixed rates now starting from 3.99% with a 5% fee, and 5-year fixed rates from 5.42% with a 3% fee.
Alongside its refreshed pricing, Kensington continues to offer free valuations on all BTL applications, including houses in multiple occupation (HMO) and multi-unit freehold blocks (MUB).
Andy Bickers, commercial director at Kensington Mortgages, said: “These latest rate reductions further strengthen the competitiveness of our BTL offering, giving brokers and their landlord clients access to attractively priced products across our Prime, Prime eKo and Core ranges.
“However, competitive pricing is only part of what makes a great lending experience.
“We know how important it is for brokers to have access to responsive, reliable support, which is why they can reach one of our desk BDMs in under a minute on average.
“Once a case is submitted, brokers also receive a call from their assigned mandated underwriter, providing a direct point of contact to help applications progress as quickly and smoothly as possible.
“We’re continually looking at ways to make brokers’ lives easier, including through recent enhancements to our broker portal that make it quicker to find the right products for clients.
“By combining competitive rates, specialist expertise and consistently high standards of service, we’re continuing to make Kensington a lender that brokers can rely on.”
Originally published by Google News Personal Finance
